Here's Why Nvidia, AMD, Uber, Visa And Costco Investors Are Celebrating

Thursday was a good day for the stock market as all the major market indices closed in green. The S&P 500 Index closed 0.89% higher, while the NASDAQ-100 was up 1.42%. At a sectoral level, the Technology sector ended up 2.03%, followed by Industrials at 1.35% and Communication Services at 1.22%.

While the majority of stocks experienced a positive day, it was an exceptionally great day for certain stocks as they reached new all-time highs on Thursday. NVIDIA Corp NVDA, Advanced Micro Devices Inc AMD, Uber Technologies Inc UBER, Visa Inc V, Costco Wholesale Corp COST, Intuitive Surgical Inc ISRG, Palo Alto Networks Inc PANW, T-Mobile US Inc TMUS, and Marriott International Inc MAR are among the more popular names that all made new all-time highs on Jan. 18.

Also Read: S&P 500’s Projected EPS Growth In 2024: Why QQQ, QQQM Might Lead The Way

All-Time High Stock Prices On Thursday

Nvidia:

• Market cap: $1.438 trillion
• New All-Time-High: $476
• 1 Yr Perf.: 228.64%

AMD:

• Market cap: $268.819 billion
• New All-Time-High: $168.60
• 1 Yr Perf.: 130.64%

Uber:

• Market cap: $134.090 billion
• New All-Time-High: $65
• 1 Yr Perf.: 124.03%

Visa:

• Market cap: $552.784 billion
• New All-Time-High: $268.78
• 1 Yr Perf.: 22.18%

Costco:

• Market cap: $305.281 billion
• New All-Time-High: $687.72
• 1 Yr Perf.: 46.61%

Other new all-time-highs made on Thursday included Intuitive Surgical at $374.18, Palo Alto Networks at $338.59, T-Mobile US at $165.38, and Marriott International at $233.06.

As companies announce their earnings for the fourth quarter, investors and analysts will gain additional insight into the financial dynamics shaping market trends heading into 2024.

Now Read: Stocks ‘Remain Pricey,’ Says Top Economist Steve Hanke: ‘Multiples Will Come Off As The Recession Starts To Bite’

Photo: Shutterstock